Precious Trading & Investment has informed that the Scheme of Merger of Precious Trading & Investments (PTIL or Transferor Co.) with Sheth Developers (SDPL or Transferee Co.) has been sanctioned by Honble NCLT, Mumbai Bench vide its Order dated 22/03/2021. The web copy of order has been received by Co. on 22/03/2021.It has enclosed copy of Order of Honble NCLT. The copy of Order is also available on website of Co. www.ptil.co.in ; Further, consequent to receipt of approval of Honble NCLT to Scheme of Merger, the Board of Directors of SDPL at their meeting held on 23/03/2021 has fixed 5th April, 2021 as Record Date for the purpose of ascertaining the name of equity shareholders of PTIL who will be eligible to receive 1231 Unlisted,10%,Redeemable,Cumulative,Non-participating & Non-convertible preference shares of Rs 10 each of SDPL for 1 equity share of Rs. 10/- held in PTIL as per Scheme of Merger. This intimation is provided in accordance with Reg 30 & 42 of Listing Regulations.
The above information is a part of company’s filings submitted to BSE.
